We provide a comprehensive, practical course on Income Tax Computation designed for students and professionals who want to understand how taxation works in India.
This module covers basic tax concepts, heads of income, exemptions, deductions, and tax computation using case studies, preparing learners to handle tax-related tasks independently in real-life scenarios.
Learners will gain hands-on experience in computing tax under both old and new regimes, understanding salary structures, capital gains, and advance tax calculations.
Course Curriculum
Chapter 1: Income Tax Basics
Introduction to Income Tax and its Importance
Power to Levy Taxes & Income Tax Act, 1961
Key Definitions and Concepts
Residential Status and its Impact on Taxation
Heads of Income (Salary, House Property, Capital Gains, Other Sources)
Income Tax Rates for Individuals and Non-Individuals
Old vs. New Tax Regime & Rebate under Section 87A
Steps to Compute Income Tax
Clubbing of Income – Spouse, Minor Child, etc.
Case Study & Assignment
Taxation under “Income from Salary”
Salary Components & Taxability
Allowances (Fully Taxable / Partly Exempt / Fully Exempt)
Perquisites and Deductions under Section 17
HRA Exemption (Section 10(13A)) & 80GG
Retirement Benefits (Gratuity, Pension, PF)
Case Studies & Assignments
Chapter 3: Income from House Property
Basis of Charge (Section 22) and Annual Value (Section 23)
Determination of Gross Annual Value & Deductions
Standard Deduction, Municipal Taxes, and Pre-construction Interest
Practical Case Studies & Assignments
Definition and Computation of Capital Gains
Short-term & Long-term Capital Gain Calculation
Tax Rates on Capital Gains (Equity & Debt)
Exemptions under Sections 54 & 54EC
Income from Other Sources – Key Incomes Included
Case Studies & Assignments
Chapter 5: Deductions & Income Tax Computation
Tax Planning, Avoidance, and Evasion Concepts
Deductions under Chapter VI-A:
Section 80C – Investments & Savings
Section 80D – Medical Insurance
Section 80DD / 80U – Disability Deductions
Section 80G / 80GGC – Donations
Section 80TTA / 80TTB – Interest Income
Section 80E / 80GG / 80CCD – Education Loan, Rent, Pension Schemes
Self-Assessment Tax and Online Tax Payment Process
Case Studies & Assignments
Chapter 6: Advance Tax Computation of an Individual
Introduction and Due Dates for Advance Tax
Computation Steps and Interest Calculations (Sections 234B & 234C)
Advance Tax Payment Process (Online)
Practical Case Study & Assignment
Understand all heads of income under the Income Tax Act
Compute tax under both Old and New Regimes
Calculate deductions, exemptions, and rebates accurately
File and manage advance/self-assessment tax payments
Career Opportunities:
Tax Assistant / Tax Executive
Accounts Executive
Junior Accountant
Payroll & Compliance Officer
Course Code : S-BC-005
Course Code : S-AI-001
Course Code : S-BC-004
Course Code : M-BC-003
Course Code : M-BC-003
Course Code : M-BC-003
Course Code : S-GD-001
Course Code : S-GD-002
Course Code : S-GD-003
Course Code : M-GD-004
Course Code : S-PG-001
Course Code : S-PG-002
Course Code : S-PG-003
Course Code : S-NE-002
Course Code : S-SE-001
Course Code : S-AD-001
Course Code : S-C-001
Course Code : S-C-002
Course Code : S-C-003
Course Code : S-C-004
Course Code : S-C-005
Course Code : S-C-006
Course Code : S-C-007
Course Code : S-C-008
Course Code : S-C-009
Course Code : M-C-010
Course Code : S-C-013
Course Code : S-C-014
Course Code : S-C-015
Course Code : S-C-016
Course Code : S-C-017
Course Code : S-C-018
Course Code : S-C-019
Course Code : S-C-020
Course Code : S-C-021
Course Code : S-C-023
Course Code : S-C-022
Course Code : S-C-024
Course Code : S-C-025
Course Code : M-C-026
Course Code : M-C-027
Course Code : M-C-028
Course Code : M-C-029
Course Code : M-C-030
Course Code : M-C-031
Course Code : M-C-032
Course Code : M-C-033
Course Code : M-C-034
Course Code : M-C-036
Course Code : M-BC-005
Course Code : M-BC-0010
Course Code : S-BC-007
Course Code : S-BC-008
Course Code : S-BC-009
Course Code : M-C-035
Course Code : M-NE-001
Course Code : M-C-038
Course Code : M-C-037
Course Code : M-WD-001
Course Code : M-BC-011
